News by Hailey Chung

Rehda Institute and BPMB signed an MOU for the research works spanning from real estate and property development, housing policies, banking and financing, to environmental, social and governance, and the development of smart cities. 

There are authorities in different states that practise different models of financial contribution currently.

Putrajaya ought to monitor the prices of affordable housing or rent as the lack of affordable housing supply in the private market could push the number of households into social housing, Khazanah Research Institute (KRI) has cautioned, noting more households are now eligible for government assistance.

Datuk Seri Azalina Othman Said said the current unity government takes all Felda matters seriously, including the construction of homes for second and third generation Felda settlers, which have been abandoned.

The Employees Provident Fund (EPF) is assessing implementation of the utilisation of members’ savings in Account 2 as collateral or guarantee for personal bank loans.

Half of the total loan accounts in the household sector are fixed-rate loans that are not affected by the 100 basis point increase in the overnight policy rate (OPR) last year, said Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim.

Sime Darby Property Bhd's (SDP) net profit for the fourth quarter ended Dec 31, 2022 (4QFY2022) surged 64.34% to RM103.15 million from RM62.77 million a year earlier, on the back of higher revenue.

He said the Prime Minister Datuk Seri Anwar Ibrahim has signalled through the Budget 2023 that the government is moving in the direction of helping the poor and expecting the high income earners to contribute.  

YTL Corp Bhd’s net profit jumped to RM96.91 million in the second quarter ended Dec 31, 2022 (2QFY23) from RM2.04 million a year ago, after its hotels segment returned to the black with RM49 million profit from a RM32 million loss while profit in the utilities segment grew stronger to RM214 million from RM139 million.

Property firm IGB Bhd’s net profit came in lower at RM18.77 million for fourth quarter ended Dec 31, 2022 (4QFY2022), compared with RM233.77 million a year ago, due to the absence of the RM193.4 million one-off gain from the disposal of a joint venture company in 2021.